Hypothetical stats:
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His current completion percentage is 67.1%. If every dropped ball had been caught, his completion percentage would be 74% which would be 4% better than any other starting QB (Brock Purdy at 70%) in the league.
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If the Chiefs had the average amount of dropped balls (11) instead of the most (26), Mahomes completion percentage would be 71% for best in the league.
What is amazing to me about Mahomes is how effortless his throws look - even his long throws. Rodgers - as a counter example - always looked to me like he was exerting in his throws. But Mahomes looks like he is handing someone a grocery bag filled with popcorn - but really it was a dart thrown 40 yards down field.